Just to let you know the multi-tasking is only for iPod Touch 3G and iPhone 3GS, previous devices won't get it.
Does that include the 3rd gen iPod touch that's 8gb?
Because the 8gb model is practically a rebranded 2nd gen model.

Does it use 3G software? If so, then yes.

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“There was no decision to make as far as multitasking. Some of the earlier hardware can’t support multitasking at all.” – Jobs

There is no 3rd gen 8gb iPod Touch. All 8gb models are 2nd gen. No multitasking for you! (Neither for me, as I have an iPod Touch 2nd Gen).

Really Apple, what a fail.

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Actually, I have a 3rd gen 32gb, lol.

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Lolz didn't know that. Anyways, I know people with iPod Touch 1st gen with jailbreak can multitask! Why can't Apple make it, so I can multitask without a jailbreak. Really, reasons stack up to jailbreak my iPod Touch....

As much as I hate how I won't get multitasking, us iPod touch 2G and iPhone 3G owners should be grateful for actually getting the update.

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Why the hell would I say that? Well, it turns out iPod touch 1G and iPhone 2G owners will not receive this update. I completely disagree with this approach, seeing as how the iPhone 2G and iPod touch 1G share guts similar to the iPhone 3G. From a business standpoint, it makes sense though; as they say, out with the old, in with the new.

Also... The iPad's 4.0 update will arrive in the fall, which is when we will be talking about iPhone OS 4.1.

They decided to cut multi tasking from the 2G iPod and 3G iPhone though, and the 1G iPod and 2G iPhone won't even get the update. Seriously Apple? You finally listen to people's good suggestions, and you fuck it up.